Artificial intelligence (AI), as the most important general-purpose technology of today, is rapidly entering industries, creating significant potential for innovations and growth. It is reshaping industries everywhere. It has revolutionized various sectors, including the oil and gas industry by applying advanced data analytics and machine learning to increase efficiency and effectiveness in hydrocarbon production. The oil and gas companies play a vital role in the economy. They are the latecomers to digitalization, but they are also getting more and more dependent on AI solutions. The benefits of AI for the oil and gas sector are unparalleled. This paper discusses in detail and demonstrate how AI is transforming the oil and gas sector.
oil & gas industry, petrochemical industry, artificial intelligence, robotics, machine learning
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